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    905 W Dakin St Chicago, IL 60613

    Under Contract
    For Sale
    $1,599,000

    Residential Income, Greystone - Chicago, IL

    Lot size:
    0.07 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 10 at 12:06 am

    Property Features for 905 W Dakin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    14202060110000
    Parking
    2
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1902
    Architectural style
    Other

    REMAX Premier (312) 656-4584 [email protected]

    Listing agent Mark Zipperer (773) 435-1600 License #471005541

    Listing date Nov 8, 2025

    MLS# 12483245 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Lakeview Greystone Investment Property

    Located in East Lakeview, Chicago, this renovated Greystone building features three large units with spacious floor plans. The units include living spaces, eat-in kitchens, separate dining rooms, updated kitchens and bathrooms, and separate HVAC systems. Office or den spaces can be converted into third bedrooms. Unit 1 was renovated in 2024 with new appliances and a private in-unit washer/dryer. The basement provides tenant storage, and there is a two-car brick garage. The property is located blocks from the lakefront, Wrigley, and two blocks from the Red Line 'L', providing access to restaurants, shops, and nightlife. All three units are leased through 2026, offering a turnkey investment with cash flow in a desirable rental market. The lot size is 0.07 acres.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6524861
    Latitude
    41.9533702

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    FAQs

    What type of property is this?
    Apartment building - Renovated 3-unit building near Wrigley with strong cash flow.
    Where is this apartment building located?
    The property is located at 905 W Dakin St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - Strong cash flow from a fully leased 3-unit building through 2026.; - Prime East Lakeview location, blocks from Wrigley Field and the Red Line.; - Large, renovated units with spacious floor plans and updated kitchens and bathrooms.
    (773) 435-1600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    905 W Dakin St Chicago, IL 60613
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